CutterCast: Transition to Internal Management

Gina McCafferty has 30 years of experience in the financial services industry. She served at Cutter from 1999 to 2011 as Principal and Managing Director of CutterResearch, and she was instrumental in growing that business. Gina returned to Cutter in 2017, and established and ran the company’s Wealth Management research division. In 2019, she was appointed to Head of Research, responsible for Asset Management and Wealth Management product development and delivery to over 200 member firms around the globe. Gina was previously at Investit Ltd., where she served for six years as head of the company’s research service. Prior to that, she held senior positions at DST International with product responsibility for their global accounting and performance measurement systems, and at SunGard as Vice President of Client Services for their securities trading products.

Shankar Subramanian has over 25 years of industry experience in investment management and technology solutions. Shankar has a deep understanding of investment data management, portfolio management, risk management, investment accounting, and alternative investments. At Cutter Associates, he heads the Risk and Compliance practice, helping client with investment risk management, and asset allocation, as well as providing support for compliance with consulting on trading forensics, communication surveillance, regulatory reporting, and guideline compliance. He advises on, and designs, operating models, selects systems, and implements business and technology solutions. He also leads development of Cutter’s alternative investments practices and the firm’s efforts to provide thought leadership and strategic and tactical advice to asset owner clients.

Prior to joining Cutter, Shankar held senior roles at IBM Global Services and PricewaterhouseCoopers (PwC), advising clients and leading global delivery teams in large engagements. Shankar holds a Bachelor of Science in engineering from the Indian Institute of Technology and an MBA in finance and information systems from the Indian Institute of Management.

Tony Chromczak has been managing the NYSTRS Investment Operations Department for over 20 years supporting all asset classes in transactional, accounting, valuation, performance, enterprise liquidity and custodial/fiduciary areas with a team of 15 staff. Over the years we have gone through many asset transitions and strategies. Our focus in the last two years has been building the capability to internally manage global public securities in house whereas historically Non US investing has been externally managed.

Rhonda has been with the North Carolina Department of State Treasurer’s Investment Management Division for over 17 years helping to manage the State’s $105 billion Defined Benefit Plan. Her primary role is oversight of an allocated $35 billion in external active and internally managed passive equity investment vehicles. Rhonda led the successful implementation of the State’s first internal public equity trading platform in 2018 and maintains oversight of two traders/portfolio managers. She also is a member of the Department of State Treasurer’s Management and Corporate Governance Committees tasked with evaluating the investment impact of departmental strategic and governance objectives. Rhonda earned her BA from North Carolina State University, Raleigh, NC.